Open:
Retest of overnight lows, and they don't hold. NQ loses weekly S1 (1619.25) and ES is trying to hold the 9/24 low of 1180.25. There was an easy short at the open from 1195, either close it now for +12 or lower your stops to 1193.25. The day will be volatile so I suggest trading in and out of it. If you are on multiple contracts, take partials and lower the rest to even.
We also have end of quarter window dressing.
Retest of overnight lows, and they don't hold. NQ loses weekly S1 (1619.25) and ES is trying to hold the 9/24 low of 1180.25. There was an easy short at the open from 1195, either close it now for +12 or lower your stops to 1193.25. The day will be volatile so I suggest trading in and out of it. If you are on multiple contracts, take partials and lower the rest to even.
We also have end of quarter window dressing.
This entry was posted
on Monday, September 29, 2008 at 9/29/2008 09:47:00 AM.
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